JPMorgan Chase

Flush with cash from President Donald Trump’s tax overhaul and bathing in more earnings than they know what to do with, U.S. companies are embarking on a buyback binge of historic dimension.

The Business Roundtable, a lobbying group for American chief executives that’s seeking to bolster its clout in Washington, quadrupled spending in the last three months of the year compared to the same period a year earlier as it threw its support behind President Donald Trump’s tax bill.

Morgan Stanley said it will take a roughly $1.25 billion hit to earnings in the fourth quarter, becoming the latest bank to detail how profit will be hurt in the near term by the U.S. tax overhaul driven by President Donald Trump.

Congressional tax negotiators have reached a tentative deal that would mostly shield the renewable energy industry from a provision that threatened to dry up a $12 billion tax-equity market, said Senator John Thune, the chamber’s No. 3 Republican.

Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class.

The U.S. tax code is uncompetitive and overly complex, and it’s time for politicians and special interests to set aside partisan interests and pass reform legislation, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.

Corporate America and money managers are hugely divided on the prospects of changing the U.S. tax code.

The new hot thing in tax avoidance has a boring old name: insurance dedicated funds.

The six largest financial institutions could see net income jump by an average of 14 percent if the president delivers on his promise to cut corporate rates.

A whistleblower is claiming that JPMorgan Chase & Co. may have issues with the IRS over claims that the bank failed to tell wealthy clients it was steering them into its own funds.